According to the monitoring of SunSirs, the price of thermal coal maintained stable operation. On November 26, the average price in the domestic market was about 558 RMB/ton (closing price). On November 26, the power coal commodity index was 67.26, unchanged from the day before, down 34.71% from 103.01 (2011-11-15), the highest point in the cycle, and up 50.47% from 44.70, the lowest point on January 20, 2016. (Note: cycle refers to 2011-09-01 to now)

With the arrival of domestic winter heating season, the domestic demand for thermal coal has improved, which has certain support for the price of thermal coal. According to SunSirs, as of November 25, the inventory of six major coastal power plants was 16.992 million tons, with a weekly to environmental ratio increase of 136,000 tons, a year-on-year decrease of 599,000 tons; the daily coal consumption was 634,000 tons, with a weekly to environmental ratio increase of 43,000 tons, a year-on-year increase of 9.6 tons; the available days were 26.8 days, with a weekly to environmental ratio decrease of 1.7 days, and a year-on-year decrease of 5.9 days.

SunSirs analysts believe that: on the one hand, the supply of thermal coal is still sufficient, on the other hand, with the arrival of winter heating season demand has improved, overall, the price of thermal coal will maintain a weak balance in the short term.

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